SNP GENOTYPING AND ANALYSIS MARKET ANALYSIS

SNP Genotyping and Analysis MarketSize and Trends

Global SNP genotyping and analysis market is estimated to be valued at US$  20.2 Billion in 2023, and is expected to reach US$ 80.7 Billion by 2030 exhibiting a CAGR of 21.9% during the forecast period (2023-2030).

Global SNP Genotyping And Analysis Market– Drivers

The growing demand for precision medicine

Genetic testing is regarded as a cornerstone of the precision medicine paradigm. SNP genotyping has been demonstrated to provide insights into a variety of important issues, including therapy selection and drug responsiveness. According to a research published in the National Institutes of Health, in March 2022, the National Institutes of Health's, ‘All of Us’ Research Program made 100,000 highly varied whole genome sequences available. Approximately half of the data comes from people who identify with racial or ethnic groups that have traditionally been underrepresented in study. This information will help researchers better understand how genes cause or influence diseases in the context of other health variables, allowing for more accurate approaches to health care for all populations.

Advancement in agricultural biotechnology

According to a Fronties article published on January 10, 2023, recent breakthroughs in Next Generation (NGS) technology have revolutionised the pace and precision of plant genomics, giving low-cost genotyping platforms that allow SNPs to be employed more easily. GBS is an NGS-based SNP detection technology used to detect genome-wide SNPs and conduct genotyping studies. Regardless of prior knowledge of genetic information, genome size, or ploidy information, GBS technology gives high data volumes to a variety of agronomically important crops at a low cost per data point. SNP genotyping and analysis, in conjunction with precise sample tracking, collection, and DNA extraction, is a powerful tool for reshaping breeding programs and increasing selection gain. SNP gentotyping can help in increasing the farm yield thus, supporting the development of the market over the forecasted period.

Global SNP Genotyping And Analysis Market: Key Trends

Usage Of Novel Technologies For Increasing The Crop Yield

Introdcution of novel technologies for increasing the crop yield is anticipated to create lucrative opportunities for market players over the forecasted period. For instance, a report published by the Government of India, discovered that rice pan-genome genotyping array (RPGA), a 90K SNP genotyping array based on 3K rice pan-genome, has been developed for genomics-assisted breeding and accelerated agricultural improvement. Unlike conventional SNP genotyping arrays, which rely on a single reference genome, RPGA analyses variations from the whole 3K rice pan-genome. RPGA's utility for large-scale pan-genome-based genotyping applications was established by its high-throughput genotyping in rice natural germplasm accessions and recombinant inbred lines (RIL) mapping population.